Statement:
Courier companies, led by big names are planning 25-30% hike in courier and parcel rates, as an initiative, following 67% hike in on -board courier rates by domestic airlines.
Assumptions:
I. If the courier rates were not increased, the industry would suffer huge losses which would retard its growth, leading to closure of operations.
II. The hike in courier and the parcel rates may be able to reimburse the expenses incurred due to hike in onboard courier rates by the domestic airlines.